SEMA research indicates that the U.S. aftermarket for advanced driver assistance systems (ADAS) and connected vehicle technologies (CVT), although still in its infancy, can be expected to grow into a $1.5 billion industry within the next five years.

SEMA’s Vice President of Vehicle Technology John Waraniak elaborates on some of the new technologies in the automotive industry and the future of racing.

Whether it’s gasoline, electric, hybrid or hydrogen, it’s a good time to be in the performance business.